Monday 19-06-2017 Outlook

Passionate about the markets, the excitement, the story driving the markets at the time, the fundamentals and even the technicals.

Welcome to the easyMarkets weekly outlook starting this Monday 19 June. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday.

Event: RBA Meeting Minutes

Date: Tuesday 20 June 2017 at 01:30 GMT

Markets affected: AUD/USD

Trending hashtags: #aud, #rba

The Reserve Bank of Australia will release minutes from their monetary policy meeting on Tuesday. The minutes look at recent decisions taken by the bank in more detail regarding the economic stats of the nation and the influences on the cash rate decision. Hawkish minutes might give the Aussie bulls some action, whereas the bears will be on the lookout for more dovish tones.

Event: ECB Policy Meeting

Date: Wednesday 21 June 2017 at 07:0 GMT

Markets affected: EUR/USD, EUR/GBP

Trending hashtags: #eur, #ecb

With the FED and ECB diverging even further in their monetary policies many will be watching Wednesday’s meeting for indications on when the European Central Bank may look to normalise monetary policy. The FOMC has been tightening policy while the ECB continues to print money and investors are essentially on the look out for liquidity flows. So far the ECB’s injections of capital are proving more attractive to investors than the increase of interest rates across the Atlantic by the Fed.

Event: RBNZ Interest Rate Decision

Date: Wednesday 21 June 2017 at 21:00 GMT

Markets affected: NZD/USD, AUD/NZD

Trending hashtags: #nzd, #rbnz

The Reserve Bank of New Zealand has maintained record low interest rates at 1.75% and analysts are not expecting that to change. Policymakers comments recently have been non-committal which is why many are not expecting any changes to the rate this time round.

Event: US Fed Initial Jobless Claims

Date: Thursday 22 June 2017 at 12:30 GMT

Markets affected: EUR/USD, GBP/USD

Trending hashtags: #usd, #jobs

Last week’s jobless claims in the US saw 237,000 applying for the unemployment benefit. The figure was beneath expectations of 242,000 signalling positive jobs market that may reinforce the Fed’s intentions to raise interest rates once more this year. For the week ending 10 June, those claiming for benefits dropped 8,000 to 237,000 according to the Labour Department. Despite moderate inflation rates, another good week of jobs data will fuel the market’s anticipation of the next interest rate increase.

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Risk Warning: Forward Rate Agreements, Options and CFDs (OTC Trading) are leveraged products that carry a substantial risk of loss up to your invested capital and may not be suitable for everyone. Please ensure that you understand fully the risks involved and do not invest money you cannot afford to lose. Our group of companies through its subsidiaries is licensed by the Cyprus Securities & Exchange Commission (Easy Forex Trading Ltd- CySEC, License Number 079/07), which has been passported in the European Union through the MiFID Directive and in Australia by ASIC (Easy Markets Pty Ltd -AFS license No. 246566).